49738
Grayling, Michigan.
Grayling, Crawford County, MI · population 9,696
to buy the typical home at today's mortgage rate — +$551 (+132%) since Jan 2020.
- 1 year
- Up $5,010 +3%
- $179,693$184,703 since Sep 2025
- 5 years
- Up $34,607 +23%
- $150,096$184,703 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 49738$969
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 17 years.
Typical home values in zip 49738 rose 2.8% over the past year — faster than the nation's +1.2%.
This zip spans 3 counties: Crawford County, MI 94% · Kalkaska County, MI 4% · Otsego County, MI 2%
Zillow also publishes an index for the city itself: Grayling, MI — measured over the city limits, which is a different area from this zip.
Typical home value — 49738
Mid-tier homes, smoothed and seasonally adjusted.
- 49738$184,703
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 9.8 | 49733 | Frederic | 1,997 | — | $202,655 |
| 14.1 | 48653 | Roscommon | 9,721 | — | $202,978 |
| 17.3 | 48636 | Luzerne | 938 | — | $123,698 |
| 17.5 | 48627 | Higgins Lake | 65 | — | $286,682 |
| 18.4 | 49756 | Lewiston | 4,100 | — | $192,959 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.